Central Group replaces broadcast tower in Prague with flats

01
Aug
2022
News - Central Group replaces broadcast tower in Prague with flats #Central Group #Czech Republic #development #Prague #residential

by Property Forum | Residential

One of the tallest buildings in Prague will disappear. The broadcasting tower of the Central Telecommunications Building (Ústřední telekomunikační budova) in Prague's Žižkov district will be demolished in January 2023, including the adjacent buildings. The demolition work is being prepared by the developer Central Group, which owns the entire technology complex in Olšanská Street and is now preparing a residential project there. The current design of the 100-metre towers with apartments by architect Eva Jiřičná has not yet been approved by the city, writes E15.cz.


The transmission tower of the Central Telecommunications Building in Prague's Žižkov district will be replaced by a residential project by the Central Group. However, it is not yet certain what it will look like in the end, as the city administration does not agree with the 100-metre-high buildings designed by architect Eva Jiřičná. "The project Centrum Nový Žižkov is undergoing a complete makeover and its form and concept is still being developed. We could present the proposal next year. The new design will also be by AI Design and Eva Jiřičná," said Central Group spokesman Ondřej Št'astný. Preliminarily, however, an urban concept of Olšanská Street by Unit architects is expected to transform the busy street with office buildings into an urban avenue with shops in the parterre and new tree plantations.

According to the daily E15.cz, the developer is waiting for the zoning plan to change in 2024. "Negotiations are still ongoing with the city and the district, as well as with the Prague Institute of Planning and Development (IPR) about the future shape of the project," Št'astný said. The central telecommunications building, which has a 78-metre high tower with a wide gallery, was completed in 1980 and cost CZK 1.5 billion at the time.




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  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.
  • Yareal Polska has expanded the commercial offering at its flagship SOHO mixed-use development in Warsaw’s Praga-Południe district, securing three new lease agreements totaling nearly 500 sqm of ground-floor retail space. The developer has strengthened its tenant roster by signing pet supplies retailer Maxi Zoo, ceramics workshop Alike Pottery Studio, and coffee distributor Unroasted.

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  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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